216 Starbarrack RoadRed HookNY12571
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Red Hook at 216 Starbarrack Road, Red Hook, NY, 12571 uses $228,655 cash to close to unlock $2,971/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $4,889/mo, and a $3,402/mo payment keeps the spread at $248/mo. Purchase price stands at $695,000, and rental yield measures 8.44% with $4,889/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 111.24% and total cumulative return in cash records $254,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,889/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Single Family
Built in 1990
3.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12571, Red Hook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,583 (100%) |
| Owner Occupied HU | 2,951 (64.4%) |
| Renter Occupied HU | 969 (21.1%) |
| Vacant Housing Units | 663 (14.5%) |
| Median Home Value | $514,661 |
| Average Home Value | $584,140 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
4,039
Multi-Family
138
Businesses
388
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